Silver is Close to New Record Levels
XAUUSD - Gold Technical Analysis
In Ons Gold, hawkish statements from Fed members yesterday put pressure on the upward momentum. Statements from Fed members that the possibility of successive interest rate hikes is still on the table and that no more than two interest rate cuts are expected this year increased the selling pressure in Ounce Gold. In the precious metal, which is traded in the 2358 region in the morning hours, 2366 resistance is one of the important resistance points to be followed for today. With the exceeding of this level, 2400 and 2425 levels can be followed as resistance points in Ons Gold, which will return to its old trend. In possible downward movements, 2350 and 2325 levels can be followed as support points.
Resistances: 2366 / 2400 / 2425
Supports: 2350 / 2325 / 2300
XAGUSD Technical Analysis
While Ons Silver tested its all-time high in recent weeks, it retreated to the level of 30.00 with profit realisations coming to the agenda. With the reaction purchases from this level, which is positioned as an important support point, Ons Silver is trading in the 32.15 region in the morning hours and is at a critical point for new record levels. With the exceeding of the 32.50 band, an upward acceleration up to 35.40 levels can be seen in the medium term. In possible pullbacks, the points where reaction purchases can come can be followed as 30.90, 30.00 and 28.50 levels as support points, respectively.
Resistances: 32,50 / 34,20 / 35,40
Supports: 30,90 / 30,00 / 28,50
EUR/USD Technical Analysis
The hawkish statements by Fed members in the US economy and the rhetoric that the possibility of an interest rate hike is still on the table had an impact on the dollar index to hold on. The pair, which follows a calm course ahead of the US growth data to be announced on Thursday, may show a retreat towards 1.0800 levels in case of a possible strengthening of the dollar index. If this level is broken downwards, 1.0725 and 1.0700 regions can be monitored as support points. In possible upward movements, the 1.0900 level can be followed as a resistance point, and if this level is exceeded, the 1.0975 and 1.1000 regions can be followed as resistance points.
Resistances: 1,0900 / 1,0975 / 1,1000
Supports: 1,0800 / 1,0725 / 1,0700
NAS100 Technical Analysis
The Nasdaq index, which tested new record levels with the above-expected financials of technology companies announced in the US, is trading in the 18880 region with slight profit realisations in the morning hours today. In possible downward movements, the 18675 level can be followed as a support point. In upward movements, 18950 level is an important resistance point, but if this level is exceeded, 19020 and 19150 levels can be followed as resistance points.
Resistances: 18950 / 19020 / 19150
Supports: 18675 / 18625 / 18400
UKOIL Technical Analysis
Increasing demand concerns in the oil markets due to uncertainties about when the Fed will start cutting interest rates continue to have a direct impact on energy commodities. Ukoil, which completed the day by gaining significant momentum yesterday, is trading in the 84.43 region with slight profit realisations this morning. In possible upward movements, 86.00 level can be followed as a resistance point. With the exceeding of this level, 86.65 and 87.50 regions are the resistance point where reaction sales may come. In possible downward movements, 82.70 level can be followed as 81.60 level support point.
Resistances: 86,00 / 86,65 / 87,50
Supports: 82,70 / 81,60 / 80,60 Tags: Technical Analysis, Analysis, Forex